New Age Alpha Advisors LLC Reduces Holdings in Getty Realty Corporation (NYSE:GTY)

Key Points

• New Age Alpha Advisors LLC reduced its stake in Getty Realty Corporation by 67.0%, now owning 22,362 shares valued at $697,000.
• Getty Realty's recent quarterly earnings report showed an EPS of $0.59, slightly missing analysts' consensus estimate of $0.60.
• The company announced a quarterly dividend of $0.47 per share, which equates to an annualized yield of 6.6%.

New Age Alpha Advisors LLC decreased its position in shares of Getty Realty Corporation (NYSE:GTY - Free Report) by 67.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,362 shares of the real estate investment trust's stock after selling 45,502 shares during the quarter. New Age Alpha Advisors LLC's holdings in Getty Realty were worth $697,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of GTY. BROOKFIELD Corp ON acquired a new stake in shares of Getty Realty during the fourth quarter worth about $14,988,000. Marshall Wace LLP lifted its holdings in shares of Getty Realty by 78.8% during the fourth quarter. Marshall Wace LLP now owns 512,268 shares of the real estate investment trust's stock worth $15,435,000 after purchasing an additional 225,752 shares during the period. Northern Trust Corp lifted its holdings in shares of Getty Realty by 23.5% during the fourth quarter. Northern Trust Corp now owns 722,654 shares of the real estate investment trust's stock worth $21,774,000 after purchasing an additional 137,427 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of Getty Realty by 56.2% during the fourth quarter. Two Sigma Advisers LP now owns 360,000 shares of the real estate investment trust's stock worth $10,847,000 after purchasing an additional 129,500 shares during the period. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of Getty Realty by 21.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 724,339 shares of the real estate investment trust's stock worth $21,824,000 after purchasing an additional 125,491 shares during the period. Institutional investors and hedge funds own 85.11% of the company's stock.

Getty Realty Price Performance

Shares of Getty Realty stock traded down $0.36 on Monday, reaching $28.14. The company's stock had a trading volume of 372,052 shares, compared to its average volume of 375,937. The company has a market capitalization of $1.59 billion, a P/E ratio of 24.47, a PEG ratio of 2.14 and a beta of 0.83. Getty Realty Corporation has a 52-week low of $26.42 and a 52-week high of $33.85. The stock has a 50-day moving average price of $28.12 and a 200-day moving average price of $29.14. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.94.

Getty Realty (NYSE:GTY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). The business had revenue of $51.31 million during the quarter, compared to analysts' expectations of $51.59 million. Getty Realty had a net margin of 31.62% and a return on equity of 6.87%. Analysts expect that Getty Realty Corporation will post 2.29 EPS for the current year.

Getty Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 25th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Thursday, September 25th. Getty Realty's payout ratio is presently 163.48%.

Analyst Upgrades and Downgrades

GTY has been the subject of a number of research reports. Robert W. Baird decreased their target price on Getty Realty from $33.00 to $32.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. KeyCorp decreased their price target on Getty Realty from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. UBS Group decreased their price target on Getty Realty from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, July 16th. Finally, Wall Street Zen downgraded Getty Realty from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $32.33.

About Getty Realty